Prontoblock

Prontoblock and Mercantile Bank International Partner to Modernize the $1.25 Trillion Commercial Paper Market Through Tokenization

Source Node:
Time Stamp: August 10, 2023 7:38 AM - Modified On: August 10, 2023 - Published By:
Source Cluster:
Republished By Plato

New York, August 10, 2023 – Prontoblock, a leading digital asset fintech company, is pleased to announce its strategic partnership with Mercantile Bank International (MBI). This partnership aims to revolutionize the commercial paper market through the tokenization of these financial instruments. This partnership will empower MBI clientele to engage in the purchase and issuance of tokenized commercial paper using Prontoblock’s cutting-edge digital assets platform. Prontoblock will collaborate closely with issuers to identify the most suitable commercial paper instruments for tokenization. The outstanding value of U.S. commercial paper exceeded $1.25 trillion

Prontoblock and EPIC ESG Partner to Launch a DAO and Issue On-Chain Green Bonds to Finance Clean Energy Solutions

Source Node:
Time Stamp: November 8, 2022 3:22 AM - Modified On: November 8, 2022 - Published By:
Source Cluster:
Republished By Plato

The on-chain tokenized green bonds issued by Prontoblock will be one of the first such offerings in the United States. Moody’s forecasts that the issuance of green bonds could total $1 trillion in 2022. New York, November 8, 2022 -- Prontoblock, an innovative blockchain and Web3 company, will partner with EPIC ESG to utilize smart contracts in the form of Non-fungible Tokens (NFTs), and introduce utility tokens to support the structure of on-chain green bonds for large-scale projects. Prontoblock will issue approximately $300 million in notional value in the form